Analysts Set NuScale Power Co. (NYSE:SMR) Price Target at $10.39

Shares of NuScale Power Co. (NYSE:SMR) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $10.39.

A number of brokerages have weighed in on SMR. CLSA assumed coverage on shares of NuScale Power in a research report on Friday, September 13th. They set an “outperform” rating and a $11.00 price target on the stock. Craig Hallum lifted their price target on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th.

Insiders Place Their Bets

In other NuScale Power news, insider Robert K. Temple sold 50,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $10.00, for a total value of $500,000.00. Following the sale, the insider now directly owns 19,054 shares in the company, valued at approximately $190,540. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NuScale Power news, insider Robert K. Temple sold 50,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $10.00, for a total value of $500,000.00. Following the sale, the insider now directly owns 19,054 shares in the company, valued at approximately $190,540. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert Ramsey Hamady sold 19,242 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total transaction of $153,551.16. Following the completion of the sale, the chief financial officer now owns 57,681 shares in the company, valued at approximately $460,294.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 478,293 shares of company stock worth $6,179,222. 1.96% of the stock is owned by corporate insiders.

Institutional Trading of NuScale Power

A number of hedge funds have recently made changes to their positions in SMR. US Bancorp DE acquired a new position in NuScale Power in the third quarter worth approximately $54,000. CWM LLC increased its holdings in NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after buying an additional 5,191 shares during the last quarter. International Assets Investment Management LLC acquired a new position in NuScale Power in the second quarter worth approximately $64,000. TFC Financial Management Inc. acquired a new position in NuScale Power in the second quarter worth approximately $75,000. Finally, Fortitude Family Office LLC acquired a new position in NuScale Power in the second quarter worth approximately $98,000. 15.28% of the stock is owned by hedge funds and other institutional investors.

NuScale Power Price Performance

NuScale Power stock opened at $18.47 on Friday. The firm’s 50-day moving average is $12.81 and its two-hundred day moving average is $10.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66. NuScale Power has a 12-month low of $1.81 and a 12-month high of $22.75. The stock has a market capitalization of $4.60 billion, a P/E ratio of -17.93 and a beta of 1.11.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.18). The company had revenue of $0.97 million during the quarter, compared to analyst estimates of $1.43 million. NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. During the same period in the prior year, the business posted ($0.13) earnings per share.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.